Solar Panel Cost Guide in Boonville, MO (2023 Update)
- Boonville Solar Installation Cost: $17,036
- 25-Year Savings: $21,411
- Payback Period: 12.3 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Boonville
Let's have a look at the average cost of solar in Boonville.
In Boonville, solar panels cost about 2.59 per watt on average.To account for the typical energy usage of the average home in Boonville, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $13,090, or $18,719 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and how much solar costs for you will look different based on factors unique to your home and what company you go with.With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Boonville find installing solar panels can be quite rewarding.
To get a free quote from a pre-vetted solar installer in Boonville, you can click the button below.
Solar savings over time in Boonville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,745 |
| 3 years | $-13,164 |
| 5 years | $-10,583 |
| 7 years | $-8,002 |
| 9 years | $-5,420 |
| 11 years | $-2,839 |
| 13 years | $-258 |
| 15 years | $2,323 |
| 17 years | $4,904 |
| 19 years | $7,485 |
| 21 years | $10,066 |
| 23 years | $12,647 |
| 25 years | $15,229 |
Top Solar Installers in Boonville
When making the switch to solar, many homeowners prefer to use a solar company since DIY solar panel installation can be a challenging project. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Boonville
Factors that Affect Solar Panel Costs in Boonville
The cost of installing a solar system in Boonville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Boonville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Boonville to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Boonville, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.50 | $14,720 | $13,947 | 12.8 years |
| 8 kW | $3.44 | $19,249 | $18,974 | 12.6 years |
| 10 kW | $3.37 | $23,590 | $24,189 | 12.3 years |
| 12 kW | $3.30 | $27,742 | $29,593 | 12.1 years |
| 14 kW | $3.24 | $31,705 | $35,185 | 11.8 years |
| 16 kW | $3.17 | $35,479 | $40,967 | 11.6 years |
| 18 kW | $3.10 | $39,065 | $46,937 | 11.4 years |
| 20 kW | $3.03 | $42,462 | $53,095 | 11.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Boonville, MO Solar Cost FAQs
How much does it cost to install solar panels in Boonville?
The average cost of solar panels in Boonville is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Boonville?
You can't get solar panels for free in Boonville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Boonville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.